PIE SPOT PRICE MONITOR

Downtrend in monomer contracts pressures spot prices

ENERGY

Call for windfall tax on oil and gas profits to boost renewables spending / Cut in consumption, more investment needed to address energy crisis / UN report

ENERGY COSTS

Index for energy commodities rises by 37%: HWWI economics institute / US government releases some of its strategic oil reserves / Relief on gas market due to milder temperatures?

PETROCHEMICAL MARKETS

Historic collapse in demand due to coronavirus / Opec+ agrees to cut production / US stocks full / Refineries limit output / Polymer supply so far unaffected / Polyolefin niches face rising prices

POLYMER PRICES

North America November 2016: Standard thermoplastics notations falling / Peak PE prices capped / PP follows propylene's freefall / PVC and PS also sliding / Engineering thermoplastics mostly stable

POLYMER PRICES

PVC November 2014: Pressure from the oil chain forces producers to pass on cost relief / Demand from the construction sector still weak / Prices likely to remain under pressure in December

POLYMER PRICES

PET November 2014: Declines fall short of cost reduction / Market more balanced than expected / Notations still under downward pressure

COMMENT

Shale revolution 2.0: Oil makes a turnaround

POLYMER PRICES

China Standard Thermoplastics November 2014: Feedstock import quotes continue in free fall / C2, C3, SM at lows not seen in years / Polymer producers worried about unabated price declines / Processors in holding pattern and keeping inventories low

SHALE GAS

First nationwide ethane pipelines in the US due to go online soon / Supplies for petrochemicals on the Gulf Coast and in Canada / Boost for PE production / Opportunities and risks for European processors

IRAN

Deputy oil minister says EU petrochemicals embargo has had no effect / Analysts see significant cave-in

IRAN

Possible implications of an oil embargo / Plastics sector should brace for rising oil prices